Private Higher Educational Institutions will come under a “progressive regime of fees determination”. The policy will give them freedom in setting fees for their courses independently. However, the institutions will have to make sure that at least 20% of students can study through freeships and an additional 30% through significant scholarships in coming days.
According to the new National Education Policy, all the fees set by these institutions shall be transparently and fully disclosed. The policy also ensured that there will be no abrupt raises in fees during the period a student is being enrolled. The new policy will also cap the fees for the institutions.
An MHRD official said “A new fee structure will be developed for different types of institutions depending on their accreditation so that individual institutions are not adversely affected.”
He also added “50% of the students at any given private institution will have some sort of scholarships assistance, which include ensuring at least 20% of students on freeships.”
This will ensure a reasonable recovery of cost, while also compelling institutions to fulfill their social responsibilities.
The new policy is under ‘Transforming the Regulatory System of Higher Education’ and in the subsection ‘Curbing Commercialization of Education’. The new policy envisions a number of mechanisms with checks and balances that will countervail the commercialization of higher education.
The new guidelines will allow all such Acts to establish private institutions, triggering a common regulatory framework for both private and public institutions.